Thanks, Exxon: Families Spend $1,000 More on Gas Per Year


There was a mini-firestorm Monday when I reported that the average price for a gallon of gas is at its highest level ever and asked SUV owners to justify their choice of car in the comments. You can see the results here.

Today, a follow up. A study led by consumer groups shows that American households spend $1,000 more per year on gasoline than they did just five years ago.

Click the chart for a larger version.

 gas_chart300.jpg

You know how every so often there is a news story about how ExxonMobil has set a new record for quarterly profits? They did it again in the first quarter of 2007. Their earnings from January to March of 2007 exceeded their already astronomical quarterly earnings record by 10%. Total take in three months: $9.3 billion.

Thoughts?

MORE HARD-HITTING JOURNALISM

In 2014, before Donald Trump announced his run for president, we knew we had to do something different to address the fundamental challenge facing journalism: how hard-hitting reporting that can hold the powerful accountable can survive as the bottom falls out of the news business.

Being a nonprofit, we started planning The Moment for Mother Jones, a special campaign to raise $25 million for key investments to make Mother Jones the strongest watchdog it can be. Five years later, readers have stepped up and contributed an astonishing $23 million in gifts and future pledges. This is an incredible statement from the Mother Jones community in the face of huge threats—both economic and political—against the free press.

Read more about The Moment and see what we've been able to accomplish thanks to readers' incredible generosity so far, and please join them today. Your gift will be matched dollar for dollar, up to $500,000 total, during this critical moment for journalism.

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate

We have a new comment system! We are now using Coral, from Vox Media, for comments on all new articles. We'd love your feedback.